Prospex Energy PLC Conversion of Loan Notes and TVR (9971K)

TIDMPXEN

RNS Number : 9971K

Prospex Energy PLC

01 September 2023

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

1 September 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Conversion of Loan Notes and TVR

Prospex Energy PLC, the AIM quoted investment company focused on European gas and power projects, announces that it has received a notice to convert an aggregate of GBP104,745.81 in a convertible loan note in exchange for the issue of 2,464,608 new ordinary shares of 0.1p each in the Company ("Ordinary Shares").

The abovementioned convertible loan note was issued in July 2022 and is convertible at 4.25p per share pursuant to a Convertible Loan Note Deed dated 18 July 2022.

Admission to Trading and Total Voting Rights

The Company has applied to the London Stock Exchange for the admission of 2,464,608 new Ordinary Shares to trading on AIM ('Admission') as a result of the above conversion. Admission is expected to occur on or around 6 September 2023. There are currently 304,835,746 Ordinary Shares in issue. Following Admission there will be a total of 307,300,354 Ordinary Shares in issue. This will be the number of Ordinary Shares that may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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For further information visit www.prospex.energy or contact the following:

 
Mark Routh                           Prospex Energy      Tel: [phone] 
                                      PLC                                1177 
Ritchie Balmer                       Strand Hanson       Tel: [phone] 
 Rory Murphy                          Limited                            3494 
                                     ------------------  -------------------- 
Jerry Keen                           Fox-Davies          Tel: [phone] 
                                      Capital Limited                    7447 
                                     ------------------  -------------------- 
Andrew Monk (Corporate Broking)      VSA Capital         Tel: [phone] 
 Andrew Raca/Alex Cabral (Corporate   Limited                            5000 
 Finance) 
                                     ------------------  -------------------- 
Ana Ribeiro / Susie Geliher          St Brides Partners  Tel: [phone] 
                                      Limited                            1177 
                                     ------------------  -------------------- 
 

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September 01, 2023 02:00 ET (06:00 GMT)